EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 19th - A study released on the 18th by the Italian Confederation of Business, Tourism and Services Businesses indicates that with increasingly frequent extreme weather events, prolonged heatwaves could cause Italy economic losses of €6 billion to €12 billion (approximately RMB 46.5 billion to 93 billion) annually. The report points out that if Italy experiences 30 to 60 days of extreme heat each year, businesses will face multiple pressures, including rising energy costs, decreased labor productivity, forced increases in adaptive investments, and reduced turnover. High temperatures will also alter consumer and tourism habits, further impacting the commerce and tourism sectors.On July 19th, local time, on the evening of July 18th, Iranian Supreme Leader Mojtaba Khamenei stated that the United States repeated violations of the Islamabad Memorandum of Understanding (Iran-US Memorandum of Understanding) once again proved that the signature of the US president was "worthless and invalid." In a statement, Khamenei emphasized that the US actions exposed "bullying, power politics, and barbarity" as integral parts of American behavior and style. He stated that the US "has once again revealed its true and undisguised face. This dark experience filled with evil and treachery has once again become irrefutable evidence of the USs hypocrisy, unreasonableness, breach of trust, and despicable nature. Iran and the resistance have left the US with unforgettable lessons."The UK Maritime Trade Operations Office has received a report of an incident involving a merchant vessel and military forces approximately 100 nautical miles east of Duqm, Oman. The report indicates that the tanker was affected by ongoing military activity in the area.July 19 - The Kuwaiti Fire Department reported that several Kuwaiti firefighters were injured in multiple fires sparked by Iranian attacks. Firefighters brought under control of two fires that broke out this afternoon local time, triggered by the Iranian attacks. In one of the affected areas, several firefighters and an oil industry worker were injured. The area was attacked again during the firefighting operation. Firefighters also extinguished three other fires caused by shrapnel falling into residential areas; these fires did not result in any injuries.Advisor to the Ukrainian Interior Minister: The attacks in Ukraine have reduced Russias oil refining capacity.

S&P 500 Price Forecast – Stock Markets Continue to Show Negativity

Florala Chen

Dec 07, 2022 15:57

微信截图_20221207155000.png

Technical Analysis of the S&P 500

The E-mini contract for the S&P 500 fell during trade on Tuesday once more as negativity remained a significant issue. The current short-term support is at the 3950 level, and a 50-Day EMA is moving into the same area at the same time. As a result, we appear to be a touch pessimistic, but whether or not this will cause us to disintegrate is another matter entirely. In light of this, I'll be closely monitoring the 50-Day EMA to get a sense of what will happen next.


The downtrend line that I have placed on the chart will certainly be tested, though, if we reverse course and break above the 200-Day EMA. Naturally, breaking above that would signal a strong bullish trend and allow the E-mini contract to go for the 4200 mark. Having stated that, a lot of drawbacks exist that might persist in the situation and create significant problems.


I predict that the final few weeks of the year will be quite volatile, therefore I believe you will start to notice more unpredictable moves than anything else. Despite this, the market is likely to continue to emphasize the need for extreme caution when choosing the size of your investment, primarily because unexpected movements are a possibility. Additionally, the Federal Reserve meeting next week will have a significant impact on our course of action. Keep in mind that Wall Street relies mostly on liquidity to function.

Suggestion